Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

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Navigating International Issues THE SEARCH FOR THE STRONG CURRENT

Transcript of Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

Page 1: Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

Navigating International Issues THE SEARCH FOR THE STRONG CURRENT

Page 2: Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

International

■Coverage

■Local Issues

■Claims

■Planning for Success

Page 3: Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

What Do You Want to Avoid?

THAT PHONE CALL…..

WE HAVE A PROBLEM IN _ _ COUNTRY….

Page 4: Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

Coverage

■Property/Casualty■Workers Compensation■Auto■Professional Liability■Kidnap & Ransom■Other

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Local Coverage

■Local coverage placement■Coverage with carrier licensed in country■Each and Every Limit■Decennial Liability

■Do you have a facility to go to for this coverage?

■Local regulations and rules in country■Utilize your insurance broker and other

business partners

Page 6: Navigating International Issues THE SEARCH FOR THE STRONG CURRENT.

PERSONNEL PROTECTION

• Kidnap, Ransom, Extortion Coverage

• Business Interruption

• Threat Response Expense

• Expatriate and Travel Security Evacuation

• Disappearance Expense

• Medical Coverage

• In-Country Routine/Emergency Medical Costs

• Travel Coverage

• Medical Care Evacuation

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Countries We Have Paid Claims

■Canada■Mexico■Africa■England■European Union■Australia■Israel

■UAE■Turkey■China■Trinidad■Qatar■Scotland■Guinea■Egypt

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Claims - Types of Projects

■ Incinerator■Transportation

Terminal■Manufacturing■Airport■Office■Healthcare■Highway■Apartment■Condominium

■Petro/Chemical■Homes■Townhomes■Retail■Bridges■Schools■Theater■Water/Sewer

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Planning for Success

• Develop a cohesive international business plan• Review available contract forms• Complete full project risk assessment• Address payment issues and concerns• Proactively review local laws and legal representation• Define the cultural Issues

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Thank YouLOOKING FORWARD TO SMOOTH SAILING